Archive for July 27th, 2009

Varian, Aetna, Plains Exploration are big movers (AP)

Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market: NYSE:

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To ease price swings, US may limit energy trading (AP)

Critics say federal regulators have long let speculation in energy markets inflict financial pain: triggering wild price swings, hurting gasoline wholesalers, damaging airlines and squeezing consumers.

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Financials lift Wall St. in late rally (Reuters)

Stocks rose slightly on Monday in a late rally as investors rotated into financial shares, which had lagged in the recent two-week rally.

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Mylan battles quality control concern; stock drops (Reuters)

U.S. regulators have begun investigating possible manufacturing violations by Mylan Inc , the world’s third-biggest generic drugmaker.

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Major business events scheduled for Tuesday (AP)

Major business events and economic events scheduled for Tuesday: NEW YORK — The Conference Board releases the Consumer Confidence Index, 10 a.m.

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Jakks Pacific shares fall on royalty rate (AP)

Toy maker Jakks Pacific Inc. said Monday arbitration with THQ related to a World Wresting Entertainment Inc. video game joint venture is over and Jakks will take a lower royalty receivable rate than previously expected.

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Movers roundup: Plains Exploration, Mylan (AP)

Shares of Plains Exploration & Production Co. fell Monday after the California State Assembly voted against legislation that would authorize the company to develop its T-Ridge prospect in the state’s waters.

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Sector roundup: Homebuilders, casino operators (AP)

An 11 percent jump in new home sales in June sent homebuilders’ shares surging Monday. NEW YORK — Shares of casino operators with properties in Macau traded mostly higher Monday as investors wondered if the Chinese enclave’s new administration might mean the end to visa restrictions on mainland visitors.

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Coach shares fall on downgrade (AP)

Shares of Coach Inc. fell on Monday, after an analyst noted the luxury handbag maker’s share price has jumped lately and downgraded the stock a day before the company’s fiscal fourth-quarter earnings report.

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Old National 2Q profit beats estimate, shares rise (AP)

Old National Bancorp said Monday its second-quarter profit shrank by about half as the regional bank holding company’s loan loss provision jumped compared with the year-ago period.

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